Transcript Slide 1

City of Irvine
Housing Program
June 5, 2015
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Housing Overview
• City of Irvine Housing Strategy & Implementation
Plan
– Adopted in 2007
– Established Vision Statement:
• By the year 2025, The City of Irvine will have a full spectrum
of housing types to meet the shelter needs of all income groups
and special needs populations in all stages of life.
– Goal of establishing 10 percent of all housing as affordable
– Create nonprofit Irvine Community Land Trust
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City Housing Policies
• Address housing opportunities for all residents.
• Aspire to permanent affordability and disbursement of
homes throughout City.
• Encourage housing for extremely low-income
households and persons.
• Provide financial and non-financial opportunities.
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Includes Priorities
• Facilitate development of additional rental housing.
• Create equity-building opportunities for first-time
homebuyers by facilitating the renter-to-owner
transition process and increasing the amount of forsale affordable housing.
• Partner with Irvine’s colleges and universities to
create additional faculty and student housing.
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Includes Priorities cont.
• Develop housing for special needs groups
(including, but not limited to, youth, seniors, single
parents, developmentally disabled, SROs,
supportive/transitional housing, veterans and mobile
home parks).
• Preserve existing affordable housing.
• Reduce frequency and duration of homelessness.
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Affordable Housing is hard to do;
How is the City Succeeding?
• The City works with the private development
community to provide affordable housing through
loan programs and development incentives.
• In exchange, developers agree to set aside units that
will be affordable for at least 55 years.
• These programs and incentives have been very
successful and many people would be surprised to
know:
– today there are over 3,300 affordable homes scattered
throughout the City
– We have hundreds of new units planned and/or under
construction
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How does Affordable housing
add to the Livability of a city?
• Affordable housing gives residents the chance to live
within the community where they can stay close to
family and work.
• Reducing time on the road gives residents the
opportunity to do more with their family and also
with the community through participation in various
organizations.
• Young people starting out can move into affordable
rental units, older residents who are downsizing and
looking for affordable rental opportunities can stay
close family and friends.
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Irvine’s Affordable Housing is Placed in Vibrant
Neighborhoods. What is our Strategy?
• The City requires homes to be scattered throughout
neighborhoods as well as within individual projects.
• The City also encourages a variety of housing to meet
the needs of:
– families,
– single people,
– the disabled and seniors.
• Each affordable home is required to be built to the
same high quality standard of a market rate home.
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Inclusionary Housing Ordinance
• Applies to new housing construction
– Total of 15 percent must be affordable
– Addresses three income groups:
• Very low (50 percent of area median income)
• Lower (80 percent of area median income)
• Moderate (120 percent of area median income)
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Density Bonus
• City Ordinance also implements state Density Bonus
law:
– Developers must provide percentage of units as affordable
– Law requires minimum 55 years of affordability
– In exchange developers get increased market rate units
– May also qualify for incentives
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Who Qualifies for Affordable Housing?
Income Category
1 Person
2 People
3 People
4 People
Extremely Low (30%)
20,250
23,150
26,050
28,900
Very Low (50%)
33,750
38,550
43,350
48,150
Lower (80%)
53,950
61,650
69,350
77,050
Median (100%)
61,050
69,750
78,500
87,200
Moderate (120%)
73,250
83,700
94,200
104,650
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2015 Very Low-Income Affordable Rent
Bedrooms
1 bedroom
2 bedroom
3 bedroom
Gross Monthly Rental Payment
$
$
$
871.88
981.25
1,090.00
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2015 Low-Income Affordable Rent
Bedrooms
1 bedroom
2 bedroom
3 bedroom
Gross Monthly Rental Payment
$
$
$
1,046.25
1,177.50
1,308.00
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2015 Moderate-Income Affordable Rent
Bedrooms
1 bedroom
2 bedroom
3 bedroom
Gross Monthly Rental Payment
$
$
$
1,918.13
2,158.75
2,398.00
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Where is affordable housing?
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IBC Mixed Use Areas
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Orchard Hills
372 dwelling units
remaining entitlement 2,992 units
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Al e g r e Af f o r d a b l e Ap a r t m e n t s
104 dwelling units
(Irvine Community Land Trust)
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2 8 5 1 Al t o n
170 dwelling units
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200 Spectrum Center Dr
450,000 s.f. office
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Shady Creek Medical Center
157,000 s.f. office
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Concordia University
campus improvements
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400 Spectrum Center Dr
450,000 s.f. office
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Los Olivos
115,000 s.f. retail
remaining entitlement 1,900 units
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SR-133
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Spectrum Residential
766 dwelling units
remaining entitlement 584 units
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Tides Hospitality Hotel
164 room hotel
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Broadcom Campus
1.1 m s.f. office
remaining entitlement .9 m s.f. office
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OC Great Park
ALA II Plan 688 Acres
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M i l a n i Ap t s
287 dwelling units
Main-Jamboree
388 dwelling units
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P A 4 0 E a s t Ap t s
536 dwelling units
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Campus Residential
876 dwelling units
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6 415
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MAC ARTHUR
LV
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Park Place
176 room hotel
520 dwelling units,
remaining entitlement 267 units
ALTON
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RED
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Central Park West
40 dwelling units
remaining entitlement 597 units
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CULVER
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SR-55 COSTA
Hilton Garden Inn
170 room hotel
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2
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Av e l l a Ap t s
485 dwelling units
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BARRANCA
16
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AN
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IRVINE
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Cyp r e s s V i l l a ge
468 dwelling units
remaining entitlement 997 units
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Elements
1,600 dwelling units
360 Fusion
280 dwelling units
ROAD
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WALNUT
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Edwards Life Sciences
36,000 s.f. R&D Facility
Hya t t Ho u s e
149 room hotel
Irvine Gateway
434 dwelling units
2525 Main
272 dwelling units
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P O R TOL A PK
CORR IDOR
25
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SR-261 EA S
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remaining entitlement 8,540 units
3.31m s.f. non-residential
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2 5 0 1 Al t o n
344 dwelling units
Metropolis Condominiums
457 dwelling units
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P i s t o i a Ap t s
371 dwelling units
ST
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ID
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1 7 2 7 5 D e r i a n Ap t s
80 dwelling units
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Great Park Neighborhoods
358 dwelling units
(Pavilion Park)
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25
26
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17000 Millikan
156 dwelling units
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Eastwood
grading
remaining entitlement 1,900 units
Stonegate
62 dwelling units
remaining entitlement 557 units
PO
2801 Kelvin
381 dwelling units
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AS
SR-2 41 E T ER N
Portola Springs
231 dwelling units
remaining entitlement 2,141 units
AN
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WEST
2
JEFFREY
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I R V I N E N O TA B L E D E V E L O P M E N T
Hi d d e n Ca n yo n
6 dwelling units
remaining entitlement 252 units
Entitlement Plan
Under Construction
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New Projects
• Alegre Apartments (3100 Visions Street)
– 104 affordable units (100%)
• Alton & Millikan (16931 Millikan Avenue)
– 17 affordable units (Inclusionary)
• Avalon Jamboree Phase III (16952 Millikan Avenue)
– 17 affordable units (Inclusionary)
• C&C Development (17275 Derian)
– 80 affordable units (100%)
• Elements (2525 Campus)
– 70 affordable units (Inclusionary)
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New Projects cont.
• Kelvin & Jamboree Partners (2801 Kelvin)
– 38 affordable units (Inclusionary)
• Metropolis (2500 Main Street)
– 47 affordable units (Inclusionary)
• Modera Irvine (2850 Kelvin Avenue)
– 20 affordable units (Inclusionary)
• Solaira Senior Apartments (Ridge Valley/Irvine Blvd)
– 221 affordable senior (100%)
• 360 Fusion (17321 Murphy Avenue)
– 29 affordable units (Inclusionary)
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Questions
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